PLACE AND EVOLUTION OF BLOCKCHAIN TECHNOLOGY IN THE SYSTEM OF ECONOMIC DEVELOPMENT

2019 ◽  
Vol 9 (8) ◽  
pp. 1191-1200 ◽  
Author(s):  
Marat Safiullin ◽  
◽  
Mikhail Savelichev ◽  
Leonid Elshin ◽  
◽  
...  
Keyword(s):  
Economic Development ◽  
Blockchain Technology

Prospects of Using Virtual Currencies for the Socio-Economic Development of the Country

2018 ◽  
Vol 11 (4) ◽  
pp. 54-59
Author(s):  
M. N. Prokofiev ◽  
E. S. Borisova ◽  
A. V. Vorobyeva
Keyword(s):  
Economic Development ◽  
Virtual Currency ◽  
Fiat Money ◽  
Advantages And Disadvantages ◽  
Blockchain Technology ◽  
Key Characteristics ◽  
Crypto Currency ◽  
Socio Economic Development ◽  
The Future

The subject of research is the influence of virtual currencies on the socio- economic development. The purpose of research was to determine the specific features and development prospects of virtual innovation currencies as currencies of the future. The paper analyzes the virtual currency as a phenomenon of the modern payment system. The key characteristics of the crypto currency, their difference from the fiat money, the interrelation with the blockchain technology are indicated. The dynamics of the crypto currency market capitalization is demonstrated by a bitcoin example. The reasons for the attractiveness of the virtual currency for consumers and the growth of its popularity are revealed. The role of the new currency in the development of the world economy is described. The main advantages and disadvantages of the virtual currency as well as the main threats when using it are highlighted. Two opposing views on the future of the crypto currency are considered. As a result, the role of the virtual currency in the socio-economic development of the state is outlined, the prospects for using the currency in question are forecasted, and the factors contributing to its development are listed. It is concluded that virtual currencies established and distributed as a function of time and speed of introduction of scientific and technical achievements in the financial sphere are a technical and economic innovation of the present.

scholarly journals Waqfintech and Sustainable Socio-Economic Development

2019 ◽  
Vol 6 (3) ◽  
pp. 130-141 ◽  
Author(s):  
Magda Mohsin Abdel Mohsin
Keyword(s):  
Economic Development ◽  
Technological Innovation ◽  
Financial Institutions ◽  
Relevant Literature ◽  
Blockchain Technology ◽  
Socio Economic Development ◽  
Islamic Financial Institutions ◽  
Conceptual Paper ◽  
Social Causes ◽  
Financial Technology

This paper aims to discuss the use of financial technology in waqf (Islamic endowment) for funding religious and social causes. It is believed that waqfintech could reach a wider audience and benefit more people in need through the use of innovative financial technology like crowdfunding and blockchain. The main objective of this paper is to introduce the concept of waqfcrowd and waqfcoin as a means of collecting and managing waqf in the digital age. Waqf institutions can thus take advantage of technological innovation to utilise the convenience and efficiency offered by financial technology. This is a conceptual paper which reviews the relevant literature regarding waqf and financial technology. One major limitation of this paper is that it does not discuss the regulatory and operational details of how to institutionalise blockchain technology in different regions. This paper intends to inspire Islamic financial institutions and waqf institutions to harness the potential of waqfintech to raise funds in an effective way.

Design of Four Scenarios of Land Transaction in Blockchain Technology

2021 ◽  
Vol 2 (5) ◽  
Author(s):  
Kh. Md Sirazum Monir ◽  
iang Xingfang ◽  
Khandaker Khadizatul Kobra
Keyword(s):  
Economic Development ◽  
Southeast Asia ◽  
Frequent Occurrence ◽  
Mutual Trust ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Cash Transaction ◽  
Land Transaction ◽  
Land Transactions

In view of the frequent occurrence of false contracts and sales in land transactions in Southeast Asia, it is urgent to establish a way of land sales based on mutual trust. Is proposed based on (a) the buyer and the seller fingerprint proof law, (b) based on the smart contract registration to pay tax, (c) cash transaction registration law, (d) based on the wisdom to distinguish successor law, smart contract is proved as an application of Blockchain using proposed solutions follow the principle of fair and open, eliminate the false, false sales contract, Decentralized, no one can change the information after the transaction, beneficial land transaction efficient and accurate, promote economic development.

Blockchain and Clinical Data Economics

2021 ◽  
pp. 269-291
Author(s):  
Ana Pêgo ◽  
Inês Graça Raposo ◽  
Mitchell Loureiro
Keyword(s):  
European Union ◽  
Economic Development ◽  
Data Storage ◽  
Business Models ◽  
Data Generation ◽  
The European Union ◽  
Privacy Concerns ◽  
Blockchain Technology ◽  
Social And Economic Development ◽  
Healthcare Model

Clinical research evolved side-by-side with technology, leading to exponential data generation contributing to social and economic development. Nevertheless, data storage, integrity, and privacy concerns have emerged, raising trust issues regarding data sharing. This chapter will demonstrate how blockchain technology (BT) can address these problems and help optimizing processes, minimize costs, and monetize data. It will explain why these models are not fully explored and how cryptocurrencies are advantageous compared to traditional currency. Worldwide examples of companies developing network infrastructures that rely on private players will be provided, and European cases, where consortium models that count with different partners to build health blockchain infrastructures are being developed, will be discussed. Considering the business models to be addressed under the European Union (EU) jurisdiction, a hypothetical BT-based healthcare model with potential application in the EU scenario will also be highlighted.

scholarly journals A Traceable Online Will System Based on Blockchain and Smart Contract Technology

Symmetry ◽  
2021 ◽  
Vol 13 (3) ◽  
pp. 466
Author(s):  
Chin-Ling Chen ◽  
Ching-Ying Lin ◽  
Mao-Lun Chiang ◽  
Yong-Yuan Deng ◽  
Peizhi Chen ◽  
...  
Keyword(s):  
Economic Development ◽  
Cost Reduction ◽  
The Internet ◽  
Consensus Algorithms ◽  
Property Distribution ◽  
Blockchain Technology ◽  
Public Verifiability ◽  
Smart Contract ◽  
Property Inheritance ◽  
Laws And Regulations

In recent years, with the rapid levels of economic development, there have been more and more problems in property inheritance and distribution. In today’s society, people still have many taboos when writing a will. Writing a will not only involves various laws and regulations but also costs a lot of money and time, which can be daunting. However, with the development of the Internet, blockchain technology has gradually been applied to many applications. Blockchain technology uses consensus algorithms to ensure consistency and records transaction information in blocks to ensure the effectiveness of transactions. In this paper, we use the cryptography mechanism to propose an online will system based on blockchain and smart contract technology. The architecture considers effectiveness and cost reduction. By combining this with blockchain technology, will assets are saved in blocks, which provides comprehensive will security and non-tamperable security protection. In addition, combined with a smart contract, it realizes the method of automatic property distribution. At the same time, this mechanism also proposes an arbitration solution when there are disputes over wills, and ensures the integrity of data, public verifiability, unforgeability, nonrepudiation, irreversibility of information, and the ability to resist counterfeiting attacks.

scholarly journals Research on Payment Settlement Mode in Cross-border Business Trade Based on Blockchain Technology

2021 ◽  
Author(s):  
Xiaoyan Wang
Keyword(s):  
Economic Development ◽  
Capital Costs ◽  
Cross Border ◽  
Blockchain Technology

Abstract Cross-border commerce trade is an important part of economic development, and its payment and settlement mode has received widespread attention. This paper mainly introduced blockchain, analyzed its characteristics and composition and the possibility of its application in cross-border business trade, and took the Ripple payment settlement mode as an example for a case study. The analysis found that the model had smaller time and capital costs, greater transparency and security of transactions, and simple and convenient processes than the traditional payment and settlement mode, which can be further promoted and applied in practice.

scholarly journals The Potential of Virtual Currencies to Contribute to the Welfare of Individuals and the Global Economic Development

2021 ◽  
Vol 26 (4) ◽  
pp. 401-405
Author(s):  
Alexandru-Cosmin Dumitru
Keyword(s):  
Economic Development ◽  
Control Mechanism ◽  
Legal Framework ◽  
Central Banks ◽  
Payment Systems ◽  
Financial Systems ◽  
Blockchain Technology ◽  
The Us ◽  
The World

Abstract This article focuses on the analysis of the potential of virtual currencies to contribute to global economic development, given their innovative characteristics and their rapid increase in popularity. This article intends to fill the gap in understanding the characteristics and the risks of the emergence of virtual currencies as part of the global financial systems. There is a huge potential of the new currencies backed by blockchain technology, to develop the existing payment systems and upgrade them, as they represent an innovative form of money with increased security of the transactions. For instance, the central banks of some of the world financial leaders, such as the US, UK, China, etc. have been experimenting with the possibility of integrating the technology behind the virtual currencies into the internal payment systems. In this sense, the governments are also working on creating a better legal framework to improve the recognition, licensing and registration of virtual currencies as an official form of payment, and also creating a better control mechanism of the new currency (Vejacka, 2014).

Blockchain technology in the international supply chains

2020 ◽  
pp. 16-25
Author(s):  
Irina V. Pustokhina ◽  
Keyword(s):  
Economic Development ◽  
Business Processes ◽  
Business Environment ◽  
International Economy ◽  
Improve Quality ◽  
Logistics Industry ◽  
Blockchain Technology ◽  
Cargo Delivery ◽  
Trade And Investment ◽  
Efficiency Improve

The relevance of the study is that globalization and the integration of the international economy provide excellent opportunities for economic development through international trade and investment. It is necessary to make the product and services more competitive. One of the factors determining the competitiveness of trade is how quickly and how economically the goods can be delivered. The competition in the logistics industry is continually growing, which forces participants to improve their efficiency, improve quality and reduce costs. In these conditions effective IT solutions are vital tools for logistics and the ability to manage the logistics processes in the business environment in the context of globalization is a factor of competitiveness. Within the framework of this paper, the existing business processes of cargo delivery were described. The study of the process of interaction of international supply chain participants made it possible to identify the ineffectiveness of existing processes to understand what can be replaced and corrected with the introduction of blockchain technology. The main reason of inefficiency is the low level of business processes digitalization. The cases of existing blockchain projects for the logistics industry were investigated. The article provides possible cases of using blockchain for the logistics industry.

scholarly journals Research on the Problems and Governance of Live E-commerce Based on Blockchain Technology

2021 ◽  
Vol 4 (2) ◽  
Author(s):  
Jiaxiu Xiang
Keyword(s):  
Economic Development ◽  
Social Welfare ◽  
Digital Age ◽  
Technical Support ◽  
Regulatory Agencies ◽  
Blockchain Technology ◽  
Live Broadcast ◽  
The Government ◽  
Irregular Behavior ◽  
Research Situation

With the advent of the digital age, new e-commerce formats emerge one after another. As a new mode of e-commerce, live e-commerce plays an important role in helping economic development and increasing social welfare. Based on the current research situation of live broadcast e-commerce, this paper analyzes the problems of irregular behavior and ineffective supervision in the operation of live broadcast e-commerce, and puts forward that the government should strengthen the legislation of live broadcast e-commerce and rationally use blockchain to provide technical support to the government and regulatory agencies, aiming at standardizing the behavior of live broadcast e-commerce and promoting the sound development of live broadcast e-commerce.

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